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Will a bankruptcy affect your auto insurance rates?
I don't actually work for an insurance company, but I do know that credit can affect your rates (bad credit = worse rates). Insurance, after all, bases its life on risk: the riskier they think you are as a client, the higher your rates. Credit is the same way, so it only makes sense that a bankruptcy would increase your auto insurance rates. Yes, bankruptcy will affect your insurance rates. I have Erie insurance and my rates did go up quite a bit. My home insurance more than my auto insurance. I had only filed one claim on my home insurance in 27 years and never late in payment and yet my rated jumped almost $200. I was told this was because of the bankruptcy. I recommend you this site where you can compare quotes from different companies: insureinfo.us
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Bankruptcy would not affect your license to sell insurance in any way. It does not affect your ability to continue to make money.
Ameriprise Auto insurance offers several different rates. It really depends on how old you are, your driving record, and if you've taken any driving courses.
Answer It cause interest rates to rise.
It shouldn't. Many people in all different professions have filed bankruptcy, including lawyers, physicians, teachers, etc., which should have no bearing as to what line of wo…rk that person is in. Although, when applying for employment with some companies, they do ask if you have ever filed bankruptcy. But, that should still be irrelevant as to whether or not they choose you for the position.
This will depend on whether the minor was driving a car. A minor in possession of alcohol offense, albeit illegal, in itself does not affect auto insurance rates. If the minor… was driving a vehicle and had an open container of any alcoholic beverages, then this is a separate offense of violating the open container law in that jurisdiction: all states and counties have that type of law. It too does not have an impact on auto insurance rates, per se. But, if the minor was drinking alcohol while driving and is intoxicated because of such, then we have the more serious offense of driving under the influence of alcoholic beverages. Of course, this will have a significant impact on auto insurance rates, especially for the underaged drinker when he gets his own car insurance. However, it will not have affect on the auto insurance of another person if he agrees to take off the underaged drinker of the list of drivers of his vehicle.
"Personal opinion is Geico, however, statistically speaking this may be wrong. Farmers insurance is extremely cheap and has always been reliable to me as well."
Answer I have file for Chapter 7 twice and it has had no effect on my car insurance.
That Depends..... Motorcycle policies and auto policies are mutually exclusive meaning there is no coverage on an auto policy for motorcycles and vice… versa. They are separate policies and each contains exclusions for the other type of vehicle. Accidents on either a motorcycle or car/truck will impact rates on both policies equally. In other words if you have an at-fault accident in your car it will affect the premium on your motorcycle policy. If you are asking in terms of discounts, there may be discounts if you have both policies with the same company. Shop around...
Average miles driven per month or per year is a factor considered by auto insurers in determining rates (which translate into premiums) for certain kinds of coverages. The the…ory is that there is a statistical correlation between the two; the more miles driven will result, again in theory, in a greater likelihood of a mishap and therefore, in a claim.
I have been an agent for almost 20 years and I have never had to ask an applicant if they were on medicare for an auto insurance application. It shouldn't raise your rates at …all.
Answer . Any driving offense related to the consumption of alcohol will result in increased auto insurance rates, whether the offender is underage or not.
It generally takes between 1-2 tickets to change your insurance rate. Redlight camera ticket in California = 1 point, increased my insurance by 38% !!
Answer In Michigan, if another driver is at fault and ticketed, my insurance company and probably others, will not raise your rates. If you are at fau…lt, even if you are not ticketed because the accident was unavoidable, your rates would go up. My insurance company won't raise the rates for one accident, but will raise them for a period of three years after a second accident. If no more accidents during the three years, the rates go back down. If someone else is driving your car and has an accidents the same answer above applies. If you are parked and someone hits your car, even a hit and run, your rates don't go up. Other states may have other rules.
It shouldn't count. It's not a moving Violation.
Rating an auto policy is extremely complicated and has become more and more so as the years have gone by. I remember a time we figured the rates by hand but this would be very… difficult now. I represent some companies that have up to 45 rating classifications and many other factors that go into figuring the rates. I can use a comparative rating software and rate 15 companies for one policy in seconds now.
When deciding whether to choose a mediclaim or a health policy, it would be wise to first understand what your requirements are, what is the existing health condition of f…amily members, and what are the hereditary diseases in the family. Buy Health Insurance: